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Seven Group Holdings Limited (SGH, formerly Seven Network Limited) is an Australian
diversified operating and investment group in the media, mining and construction
industries.[2]
Seven Group Holdings Limited
Seven Group Holdings logo.jpg
Trade name
SVW
Type
Public
Traded as

ASX: SVW
S&P/ASX 200 component

Industry
Media, Mining, Construction, Equipment rental
Predecessor
Qintex
Seven Network Limited
Founded
1991
Founder
Kerry Stokes (Executive Chairman)
Headquarters
175 Liverpool Street
Sydney, New South Wales
, Australia
Area served
Worldwide
Key people
Ryan Stokes (CEO)
Warwick Smith (Director)
Parent
Australian Capital Equity (68%)[1]
Subsidiaries
Beach Energy (29%)
Boral (70%)
Coates Hire
Seven West Media (40%)
WesTrac
Website
sevengroup.com.au
HistoryEdit

Seven Network Limited was formed in 1991 by receivers to bundle together the assets of
Christopher Skase's failed Qintex business.[3][4]

In 2002, Seven Media Group acquired Pacific Magazines. In January 2006, Seven Media
Group partnered with Yahoo! to launch Yahoo!7, founded as a cross-media entity which
would expand the content distribution networks of both companies.

In December 2006, Seven Network Limited shareholders voted to spin off the company's 'old
media' assets into a 50/50 joint venture with private equity firm Kohlberg Kravis Roberts,
creating the Seven Media Group.[5]

In January 2008, Kerry Stokes' National Hire Group took over alongside private investors
The Carlyle Group the equipment rental company Coates, de-listing it from the Australian
Securities Exchange. The hire businesses of Coates and National Hire were merged to
consolidate the two largest hire companies in Australia, creating Coates Hire.[6][7][8][9]

On 22 February 2010, it was announced that WesTrac, owned by Australian Capital Equity,
Kerry Stokes's investment firm, would merge with Seven Network Limited, and the combined
entity was renamed "Seven Group Holdings".[10]

On 25 October 2017, SGH acquired the remaining 53% from The Carlyle Group as well as
from other minority owners for $517 million.[11] SGH had first invested in Coates Hire,
alongside The Carlyle Group and exiting management in 2008 through its WesTrac
subsidiary.[12][13]

In April 2011, Seven Media Group was acquired by West Australian Newspapers to create
Seven West Media.[14] Seven Group Holdings remains Seven West Media's largest
shareholder, with a 33% stake.[15] As of July 2021, this stood at 40%.[16] In July 2021,
Seven Group Holdings took majority ownership in Boral.[17]
References
External links
Last edited 2 months ago by 240D:1A:4B5:2800:E886:62C4:1F58:6012
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WesTrac
 Company based in Perth, Western Australia
Seven West Media

Australian media company

Coates Hire

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